Remodeled
For Sale
$529,000
Pending
6352 Grigsby Pl, Stockton, CA 95219
The two residences offer a three-bedroom, two-bath layout and a two-bedroom, one-bath layout.
Property Size2,138 SF
Days on Market45
Property Features for 6352 Grigsby Pl
General Information
Standard status
Pending
Size
2,138 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1971
Listing Agency:
KL Smallwood Enterprises, Inc.
Listed By:
Kathi Smallwood
3282522
Source:
Sacramentoareahouses
Added: Aug 31
Changed: Oct 13
Last Checked: Oct 12 at 8:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KL Smallwood Enterprises, Inc.
Investment Insights
Based on property information with market context.
This 2,138-square-foot duplex, built in 1971, contains a three-bedroom, two-bath residence and a two-bedroom, one-bath residence. The smaller unit has been remodeled and includes quartz countertops, stainless steel appliances, a fireplace, central heating and air conditioning, and washer and dryer hookups. A sliding door connects it to a private backyard. That unit is vacant and ready for occupancy.
The property is near Benjamin Holt Drive in Stockton, with shopping, dining, parks, and schools in the surrounding area. City water, natural gas, and public sewer serve the property.
The property is near Benjamin Holt Drive in Stockton, with shopping, dining, parks, and schools in the surrounding area. City water, natural gas, and public sewer serve the property.
Key Highlights
- Two residences: 3‑bedroom, 2‑bath and 2‑bedroom, 1‑bath
- 2,138 square feet; built in 1971
- Remodeled 2‑bedroom unit with quartz countertops, stainless steel appliances, and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,931
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,620
$598.6K
Cap Rate 7%
$427,586
$427.6K
Cap Rate 9%
$332,567
$332.6K
Market Conditions
NOI Build-Up for 2,138 SF
Gross rent
$46.2K $21.60/SF
− Vacancy
−$3.4K −$1.60/SF
EGI
$42.8K $20.00/SF
− OpEx
−$12.8K −$6.00/SF
NOI
$29.9K $14.00/SF
Area
Stockton, CA
Vacancy
7.41%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,620
Cap Rate 7%
$427,586
Cap Rate 9%
$332,567
Alternative Uses
Best Use
Multifamily LT 5
$427.6K
$374.1K – $498.9K
NOI $29,931 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$371.7K
$325.3K – $433.7K
NOI $26,020 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$578.2K
$505.9K – $674.5K
NOI $40,472 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 95219, CA
29,392
Population
11,817
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
91%
High-School Grad
116.9 sq mi
ZIP Area
251
Density / Sq Mi
$105,300
Median Household Income
$54,426
Median Earnings
$1,855
Median Rent
$539,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer a three-bedroom, two-bath layout and a two-bedroom, one-bath layout.
Where is this duplex located?
The property is located at 6352 Grigsby Pl Stockton, CA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Two residences: 3‑bedroom, 2‑bath and 2‑bedroom, 1‑bath; 2,138 square feet; built in 1971; Remodeled 2‑bedroom unit with quartz countertops, stainless steel appliances, and a fireplace
